Bank of Mongolia expects inflation to remain at 8 percent

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2018-04-09 17:31 GMT+8
Consumer basket of Mongolia, there are 329 products in the basket

The Bank of Mongolia has stated in its inflation forecast report that the inflation rate will stabilize this year at eight percent.

It was highlighted that food prices will rise at lower rate in 2018. The impact of several tax increases, changes in consumer staple trends, and higher fuel prices has diminished since the first quarter of 2018. While the expansion of non-mining industries, which has contributed to economic growth in recent years, is projected to slow down, the mining industry is estimated to intensify in coming years.

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